Howmet Aerospace (HWM) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Howmet Aerospace in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HWM shares.
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9 equities research analysts have issued twelve-month price targets for Howmet Aerospace's shares. Their HWM share price forecasts range from $42.00 to $52.00. On average, they expect the company's stock price to reach $47.91 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
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Howmet Aerospace's stock was trading at $39.41 at the beginning of the year. Since then, HWM shares have increased by 16.3% and is now trading at $45.85.
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Howmet Aerospace saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 4,220,000 shares, a decline of 6.8% from the April 15th total of 4,530,000 shares. Based on an average trading volume of 3,370,000 shares, the short-interest ratio is presently 1.3 days. Currently, 1.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Howmet Aerospace Inc. (NYSE:HWM) issued its quarterly earnings data on Tuesday, May, 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.04. The firm earned $1.60 billion during the quarter, compared to the consensus estimate of $1.49 billion. Howmet Aerospace had a trailing twelve-month return on equity of 18.39% and a net margin of 8.18%. The firm's revenue was up 21.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS.

Howmet Aerospace announced a quarterly dividend on Friday, April 21st. Shareholders of record on Friday, May 5th will be given a dividend of $0.04 per share on Thursday, May 25th. This represents a $0.16 annualized dividend and a yield of 0.35%. The ex-dividend date is Thursday, May 4th.
Read our dividend analysis for HWM.

ETFs with the largest weight of Howmet Aerospace (NYSE:HWM) stock in their portfolio include iShares U.S. Aerospace & Defense ETF (ITA), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), Invesco Aerospace & Defense ETF (PPA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Profound Medical (PRN), WisdomTree U.S. Growth & Momentum Fund (WGRO) and Global X U.S. Infrastructure Development ETF (PAVE).

Howmet Aerospace (NYSE:HWM) pays an annual dividend of $0.16 per share and currently has a dividend yield of 0.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HWM will have a dividend payout ratio of 7.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HWM.

Howmet Aerospace issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.41-$0.43 for the period, compared to the consensus earnings per share estimate of $0.40. The company issued revenue guidance of $1.60 billion-$1.62 billion, compared to the consensus revenue estimate of $1.52 billion.

Based on aggregate information from My MarketBeat watchlists, some companies that other Howmet Aerospace investors own include Arconic (ARNC), AT&T (T), Alcoa (AA), General Electric (GE), Intel (INTC), Boeing (BA), Bank of America (BAC), Cisco Systems (CSCO), CVS Health (CVS) and Chevron (CVX).

Howmet Aerospace trades on the New York Stock Exchange (NYSE) under the ticker symbol "HWM."

Howmet Aerospace's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.02%), Boston Partners (4.41%), State Street Corp (3.98%), FMR LLC (2.75%), Orbis Allan Gray Ltd (2.34%) and Geode Capital Management LLC (1.89%). Insiders that own company stock include Barbara Lou Shultz, Ken Giacobbe and Neil Edward Marchuk.
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Shares of HWM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HWM stock can currently be purchased for approximately $45.85.

Howmet Aerospace (NYSE:HWM) has a market capitalization of $18.95 billion and generates $5.94 billion in revenue each year. The company earns $469 million in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 21,400 workers across the globe.

Howmet Aerospace's mailing address is 201 ISABELLA STREET SUITE 200, PITTSBURGH PA, 15212-5872. The official website for the company is www.howmet.com. The company can be reached via phone at (412) 553-4545, via email at paul.luther@howmet.com, or via fax at 412-553-4498.